Should You Buy Bitcoin Right Now? Don’t Be Stupid

[Max E.]

Shussssh on the shorting of this scam Max!

The plan is....We're gonna wait for the ETF to come out.... let it skyrocket the first two or three days.... and then were gonna buy so many puts on the bitch we'll be on the cover of Forbes three months later.

Damn, There is an ETF coming out?!?! LOL, never knew that, going to have to mortgage my house if it keeps going till then. We can start a fund, we will be like those 2 young dudes in the garage off "The Big Short"

 

[just21]

Shussssh on the shorting of this scam Max!

The plan is....We're gonna wait for the ETF to come out.... let it skyrocket the first two or three days.... and then were gonna buy so many puts on the bitch we'll be on the cover of Forbes three months later.

https://www.deribit.com/main#/options

Bitcoin options already exist. Look at the implied volatilities.

 

[Max E.]

https://www.deribit.com/main#/options

Bitcoin options already exist.

Yeah but thats Bitcoin options through a bitcoin broker, which probably has the same odds as binary options...... we are talking about access to the bitcoin market on a normal stock exchange.

 

[Max E.]

Looks like Bitcoin just held a higher low, probably in for another good day, dont even know why im paying attention to this chart, but it has me intrigued, First off i had my sister whose a hair dresser who cant even balance her cheque book ask me about it, about a week ago, then on my twitter feed i start hearing all this cryptocurrency shit, then i see the chart, id be shocked if we closed this week over 2000, and in the next 30 days didnt go below 1500, it just seems so obvious, but i cant see the volume and i guess i have no idea what im talking about when it comes to trading so dont listen to me.

 

[Pekelo]

Fun fact about shorting: If 3 guys are shorting the same stock/crypto from $2000, $200 and $20 levels and they all hold until zero, they all still make the same returns....

 

[Max E.]

Fun fact about shorting: If 3 guys are shorting the same stock/crypto from $2000, $200 and $20 levels and they all hold until zero, they all still make the same returns....

Yeah DRYS was a perfect example of that.

 

[vanzandt]

https://www.deribit.com/main#/options

Bitcoin options already exist. Look at the implied volatilities.

Yeah, I looked at those awhile ago.... I just think a more mainstream ETF (that of course is pumped on CNBC) will greatly improve liquidity and bring those down.

 

[jj90]

You'll have to aggregate the volume across exchanges boys, by the time the ETF comes out BTC could be down 50% already.

If you want in now on these highs it'll need to be an exchange or nothing at all.

 

[Max E.]

You'll have to aggregate the volume across exchanges boys, by the time the ETF comes out BTC could be down 50% already.

If you want in now on these highs it'll need to be an exchange or nothing at all.

LOL, they will probably time it perfectly with the dead top of the market like when HMMJ, the marijuana ETF came out.

 

[vanzandt]

LOL, they will probably time it perfectly with the dead top of the market like when HMMJ, the marijuana ETF came out.

Actually, it'll be 3 or 4 days before the dead top.... gotta let CNBC recruit as many suckers as possible. That'll take a few days.